---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-360117"
form_type: "8-K"
ticker: "REAL"
cik: "0001573221"
company_name: "TheRealReal, Inc."
filed_at: "2021-12-17T23:59:59+00:00"
generated_at: "2026-06-28T00:06:25.602271+00:00"
event_type: "litigation"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# The RealReal settles derivative lawsuit; governance reforms and $500K fee award

## Summary
- Settlement resolves claims that IPO disclosures overstated authentication process; no admission of wrongdoing.
- Company to adopt corporate governance reforms within 30 days of court's final order; reforms detailed in Exhibit A.
- The RealReal will pay $500,000 for plaintiffs' attorneys' fees and expenses, subject to court approval.
- Defendants deny all allegations; settlement reached after mediation with Hon. Layn R. Phillips (Ret.).
- Notice to shareholders via press release, website posting, and SEC filing; final approval hearing scheduled.

## SEC filing metadata
- accession: 0001193125-21-360117
- form_type: 8-K
- ticker: REAL
- cik: 0001573221
- company_name: TheRealReal, Inc.
- filed_at: 2021-12-17T23:59:59+00:00
- event_type: litigation
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1573221/000119312521360117/0001193125-21-360117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1573221/000119312521360117/d263804d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-360117
- JSON: https://secwatch.observer/filing/0001193125-21-360117.json
- Plain text: https://secwatch.observer/filing/0001193125-21-360117.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.